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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: pvz who wrote (15256)	7/19/2002 11:15:25 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

PVZ: I see 3 lines on the ADX, a buyers (green), a sellers (red) and a trend or signal line (black): stockcharts.com[e,a]wbclyyay[pf][vc60][iut!Ll14]&pref=G I'm always looking through the price action and finding what happens on the indicators at or about the same time. Here, last September the red line crested and then cut down sharply through the black line, or the sellers pressure peaked and then collapsed through the trend. And that's what we're waiting for now, for the sellers to exhaust themselves and dissipate their power, and fall down through the signal line. As for a green red crossover signal, that'd be fine, except on the charts I'm looking at those signals don't seem to signify much. You're much better off looking for extreme positions in the colored lines and then an exhaustion and move through the trendline. As for RYL, yes indeed. But you will note that the +DI line peaked early, about April 22 at maybe $54, which would have left the short seller with $4 of whipsaw and uncertainty as to whether the top was in. In hindsight, using this chart the best indicator of the top was the cresting of the signal (black) line following the +DI (green) line south. Kb